Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months
Blockchain is a revolutionary technology swiftly disrupting many industries, and it could answer some of the most pressing efficiency concerns in the corporate ...
Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
An Australian government-backed trial of P2P solar trading using blockchain found that the technology is popular and technically feasible.
Blockchain P2P Energy Trading Proves Workable and Popular in Australian Test
Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses.
Tokyo Power Company to Use Blockchain for Trading Electricity Surplus
The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round.
South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent
As Germany shuts down all nuclear and coal-based energy production, blockchain is underpinning many renewable energy platforms.
Blockchain Underpinning Much of Germany’s Renewable Energy Evolution
Vodafone plans to link billions of distributed energy generating assets to grids using the Internet of Things and blockchain technology.
Vodafone to Connect 'Billions' of Energy Producing Devices Using Blockchain
Australian blockchain firm Power Ledger has announced a partnership to develop a digital energy company in Thailand, utilizing its peer-to-peer renewable energy...
Power Ledger Brings Peer-to-Peer Renewable Energy Trading to Thailand